Theaters to be sold: Tele-Communications Inc. said...

February 19, 1992

Theaters to be sold: Tele-Communications Inc. said Wednesday it is selling United Artists Entertainment Inc. to a Merrill Lynch leveraged buyout fund and members of the movie theater company`s management for $680 million. Tele-Communications, the biggest cable-television operator in the nation, said the buyers are Merrill Lynch Capital Partners Inc.; Stewart Blair, former vice chairman and chief executive of United Artists, and unnamed members of the theater company`s management.